Managing Director, Insurance Business Development

Posted 19 Days Ago
Be an Early Applicant
Hiring Remotely in IN
Remote
Senior level
Insurance
The Role
The Managing Director will lead business development with (re)insurance companies, handling the entire transaction process, from pitching to deal closure. Responsibilities include executing complex financial modeling, due diligence, and negotiations, while also providing product feedback for platform development.
Summary Generated by Built In

About Ledger Investing

Ledger Investing is a Y Combinator-backed startup that is transforming the way insurance risk is financed.  Today, Ledger is an online marketplace, focusing on the securitization of insurance. Insurance securitization has quickly grown to be a $100 billion market but is limited in scope due to opacity and complexity.  Ledger is on its way to expanding this market to $1 trillion by building a seamless data platform from the policyholder to the capital markets, enabling transparency, and bringing best-in-class analytics and real-time insights to the table. Our $75 million Series B round of investment funding has set us up for exponential growth. We are on our way to disrupting the industry by serving as an unparalleled, advantageous marketplace for virtually all types of insurance risks and capital.

About the Team:

Ledger's Broker operates at the intersection of finance, insurance, and technology; it is tasked with executing the go-to-market strategy for a new asset class: casualty insurance-linked securities. We are looking to add a driven, senior level professional with a background in investment banking, strategic advisory, or consulting to insurance company management teams. This candidate will lead the business development and transaction execution effort with large (re)insurance companies and will join the team responsible for all aspects of growing and structuring our asset class. The individual will have an active role on Ledger’s largest securities offerings.

About the role:

  • Leads business development with (re)insurance companies to source ILS transactions
  • Owns the transaction process from the initial pitch to the risk originator to winning the deal including highly complex financial modeling, presentations, and due diligence
  • Accountable for deal execution including investor marketing, due diligence, and negotiations leading to transaction closing
  • Provide feedback to product teams developing platform features for (re)insurance companies

If these responsibilities sound exciting, we'd love to hear from you. We offer competitive compensation, including company stock options. Our headquarters are in New York, but this position will be full-time remote as we are a natively all-remote company.

About you:

  • 10+ years previous experience in investment banking, strategic advisory, or consulting roles working with insurance and reinsurance companies
  • Extensive network within (re)insurance company executives 
    In-depth knowledge of insurance industry, familiarity with insurance linked securities or structured finance products is a plus
  • Entrepreneurial mindset with proven ability to sell new financial products to c-suite executives
  • Exceptional written and verbal communication skills with specific ability to communicate concepts and ideas concisely and defend their validity
  • Very strong quantitative and analytical skills (including excel modeling)
  • Bachelor's degree required; MBA or other graduate degree is a plus  

Your Benefits:

  • Competitive salary, bonus potential, and equity compensation
  • Work from anywhere. We’re flexible. Our headquarters is in New York, but this position can be fully remote or hybrid.
  • Unlimited PTO
  • 11 Paid Holidays
  • 401k
  • Medical, dental, and vision insurance - multiple plans to choose from
  • HSA match for those who select our HDHP Medical plan
  • Company-paid Life and AD&D Insurance
  • Company Paid Long-term Disability Insurance
  • Medical and Dependent Care FSA plans
  • Medical enhancements available: HealthAdvocate Healthcare Support, One Medical On-Demand Primary Care, Teladoc Virtual Health, TalkSpace Online Mental Health Therapy, Kindbody Gynecology and Family-building care
  • Commuter Benefits
  • Up to $2,500 paid by Ledger towards your dream home office setup! Customize what works for you.


For US based positions: 

Ledger Investing is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law.

The Company
HQ: New York, NY
35 Employees
On-site Workplace
Year Founded: 2016

What We Do

Ledger Investing is an online marketplace powering interactions between investors and insurance carriers.

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